Can I retire at age 50 with 1,230,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$101,572$100,667$99,785$98,923$98,082$94,377
2 years$50,283$49,347$48,439$47,559$46,706$43,016
3 years$33,189$32,249$31,343$30,472$29,632$26,074
4 years$24,644$23,706$22,810$21,953$21,134$17,734
5 years$19,518$18,586$17,701$16,862$16,066$12,833
6 years$16,102$15,177$14,305$13,485$12,712$9,649
7 years$13,663$12,745$11,888$11,087$10,338$7,444
8 years$11,834$10,925$10,082$9,300$8,577$5,848
9 years$10,413$9,512$8,683$7,922$7,223$4,656
10 years$9,276$8,385$7,570$6,829$6,154$3,745
11 years$8,347$7,464$6,665$5,943$5,293$3,036
12 years$7,573$6,700$5,915$5,213$4,587$2,476
13 years$6,919$6,055$5,285$4,602$4,000$2,029
14 years$6,359$5,503$4,748$4,085$3,506$1,669
15 years$5,873$5,027$4,287$3,643$3,087$1,378
16 years$5,449$4,613$3,887$3,262$2,728$1,140
17 years$5,076$4,248$3,537$2,931$2,419$945
18 years$4,744$3,925$3,229$2,641$2,151$785
19 years$4,447$3,638$2,956$2,387$1,917$653
20 years$4,180$3,381$2,713$2,162$1,712$544
21 years$3,939$3,149$2,495$1,962$1,532$453
22 years$3,721$2,939$2,300$1,784$1,374$378
23 years$3,521$2,749$2,123$1,625$1,233$315
24 years$3,339$2,576$1,964$1,482$1,108$263
25 years$3,171$2,417$1,819$1,353$997$220
26 years$3,017$2,272$1,687$1,237$898$184
27 years$2,874$2,138$1,566$1,132$810$154
28 years$2,741$2,015$1,456$1,038$731$129
29 years$2,618$1,901$1,355$951$660$108
30 years$2,504$1,795$1,262$873$596$90
31 years$2,397$1,697$1,177$802$539$75
32 years$2,297$1,606$1,098$737$488$63
33 years$2,203$1,520$1,025$678$441$53
34 years$2,115$1,441$958$624$400$44
35 years$2,032$1,367$895$574$362$37
36 years$1,954$1,297$838$529$328$31
37 years$1,880$1,232$784$487$297$26
38 years$1,810$1,171$734$449$269$22
39 years$1,744$1,113$688$414$244$18
40 years$1,682$1,059$645$382$222$15
41 years$1,622$1,008$605$352$201$13
42 years$1,566$960$567$325$182$11
43 years$1,512$915$532$300$166$9
44 years$1,461$872$500$277$150$7
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$4
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $1,230,000, adding $3,609 every year, while hoping to spend $34,828 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 65/19/16 Blend
49$1,230,000$1,230,000$1,230,000$1,230,000
50$1,359,183$1,293,993$1,274,928$1,442,009
51$1,460,763$1,320,342$1,280,581$1,524,259
52$1,571,536$1,346,814$1,285,256$1,609,750
53$1,692,405$1,373,380$1,288,885$1,702,321
54$1,824,360$1,400,006$1,291,392$1,802,662
55$1,968,494$1,426,655$1,292,703$1,911,537
56$2,126,008$1,453,288$1,292,736$2,029,785
57$2,298,225$1,479,864$1,291,406$2,158,331
58$2,486,602$1,506,335$1,288,627$2,298,196
59$2,692,743$1,532,654$1,284,304$2,450,503
60$2,918,415$1,558,766$1,278,340$2,616,491
61$3,165,562$1,584,614$1,270,633$2,797,525
62$3,436,327$1,610,137$1,261,076$2,995,109
63$3,733,067$1,635,269$1,249,558$3,210,902
64$4,058,382$1,659,939$1,235,960$3,446,730
65$4,415,131$1,684,071$1,220,159$3,704,608
66$4,806,467$1,707,583$1,202,027$3,986,756
67$5,235,861$1,730,389$1,181,429$4,295,620
68$5,707,136$1,752,394$1,158,223$4,633,898
69$6,224,503$1,773,501$1,132,263$5,004,562
70$6,792,601$1,793,601$1,103,393$5,410,889
71$7,416,541$1,812,583$1,071,451$5,856,489
72$8,101,953$1,830,324$1,036,269$6,345,343
73$8,855,037$1,846,695$997,670$6,881,839
74$9,682,627$1,861,559$955,468$7,470,812
75$10,592,249$1,874,769$909,470$8,117,594
76$11,592,195$1,886,170$859,474$8,828,059
77$12,691,601$1,895,594$805,268$9,608,684
78$13,900,532$1,902,866$746,633$10,466,606
79$15,230,077$1,907,797$683,336$11,409,694
80$16,692,454$1,910,188$615,137$12,446,619
81$18,301,124$1,909,827$541,783$13,586,940
82$20,070,919$1,906,489$463,013$14,841,193
83$22,018,180$1,899,934$378,551$16,220,990
84$24,160,912$1,889,909$288,111$17,739,131
85$26,518,955$1,876,144$191,392$19,409,723
86$29,114,167$1,858,354$88,082$21,248,316
87$31,970,635$1,836,236$0$23,272,048
88$35,114,897$1,809,469$0$25,503,594
89$38,576,197$1,777,713$0$27,976,283
90$42,386,756$1,740,608$0$30,698,071
91$46,582,079$1,697,772$0$33,694,314
92$51,201,289$1,648,801$0$36,992,953
93$56,287,496$1,593,268$0$40,624,783
94$61,888,202$1,530,719$0$44,623,740
95$68,055,750$1,460,676$0$49,027,220
96$74,847,819$1,382,631$0$53,876,439
97$82,327,966$1,296,050$0$59,216,814
98$90,566,227$1,200,364$0$65,098,399
99$99,639,775$1,094,976$0$71,576,353
100$109,633,653$979,251$0$78,711,467